Technology: Page 23
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Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 CEO bets on crypto and Trump
The payment processor’s CEO, Jared Isaacman, plans to plunge ahead with a recent crypto initiative, wagering that President-elect Trump will give a boost to the effort.
By Patrick Cooley • Nov. 14, 2024 -
Lynne Marek/Payments Dive
Private sector merits ‘significant’ payments footprint, Waller says
The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.
By Tatiana Walk-Morris • Nov. 13, 2024 -
Explore the Trendlineâž”
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TrendlineDigital wallets proliferate as features advance
As more companies aim to offer digital wallets the rise in competition is sharpening their features.
By Payments Dive staff -
John Phillips via Getty Images
Klarna files for IPO
The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.
By Patrick Cooley • Nov. 13, 2024 -
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Young people fall prey to payments fraudsters
Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.
By Patrick Cooley • Nov. 12, 2024 -
Courtesy of Shift4
Will Shift4 scoop up Lightspeed?
The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.
By Lynne Marek • Nov. 11, 2024 -
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Q&AOpen banking to move toward FDX standard
Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.
By Lynne Marek • Nov. 11, 2024 -
Joe Raedle via Getty Images
Afterpay to arrive on 24M Cash App cards
The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.
By Patrick Cooley • Nov. 8, 2024 -
Chip Somodevilla via Getty Images
How Trump’s administration may rework payments policies
The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.
By Lynne Marek and Patrick Cooley • Nov. 7, 2024 -
Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze
Paze gets new leader amid slow start
Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service.
By Patrick Cooley • Nov. 7, 2024 -
Daniel Boczarski via Getty Images
Q&AFiserv exec opens up on Walmart, DoorDash partnerships
Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.
By Patrick Cooley • Nov. 6, 2024 -
Permission granted by Flexa
Sheetz accepting crypto at all locations
After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.
By Jessica Loder • Nov. 5, 2024 -
Lynne Marek/Payments Dive
Fed aims to make instant payments the norm
“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference.
By Lynne Marek and Patrick Cooley • Nov. 5, 2024 -
Courtesy of Mastercard
Mastercard gains edge in ancillary services
The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.
By Lynne Marek • Nov. 5, 2024 -
Justin Sullivan via Getty Images
Stablecoins face obstacles to widespread adoption
The digital currencies could simplify cross-border payments, but consumers are wary of using them, payments and fintech executives say.
By Patrick Cooley • Nov. 4, 2024 -
Courtesy of Paytronix
Paytronix acquired by Access Group
The deal will expand the offerings available through Paytronix’s platform and help accelerate its growth, executives said.
By Jessica Loder • Nov. 4, 2024 -
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5 payments predictions from research firm Forrester
Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.
By Tatiana Walk-Morris and Lynne Marek • Nov. 1, 2024 -
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AI increases fraud risk, fintechs say
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
By Patrick Cooley • Oct. 31, 2024 -
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Global Payments sells AdvancedMD for $1.1B
The payments processor divested the unit as part of a plan to streamline the company’s business, and it’s targeting more sales, CEO Cameron Bready said.
By Lynne Marek • Oct. 30, 2024 -
Permission granted by MoneyGram
MoneyGram cites cash-to-digital conversion opportunity
A MoneyGram executive speaking at the Money 20/20 conference cooed about the trillion-dollar opportunity to lure cash users to digital options, but didn’t mention the company’s recent systemwide outage.
By Lynne Marek and Patrick Cooley • Oct. 30, 2024 -
Retrieved from Lynne Marek on March 04, 2022
MoneyGram replaces CEO, naming former Walmart executive to the role
The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.
By Lynne Marek • Oct. 29, 2024 -
Courtesy of Adyen
Finix eyes competition with rivals like Stripe
The payment processor said Thursday that it raised $75 million and is seeking to grab a bigger slice of a payments market dominated by larger rivals.
By Patrick Cooley • Oct. 25, 2024 -
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Payments trade groups caution World Bank on digital infrastructure
U.S. payments associations urged the World Bank this week to consider interoperability and private sector involvement in its development of a digital public infrastructure.
By Tatiana Walk-Morris • Oct. 24, 2024 -
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California to begin oversight of EWA
The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.
By Lynne Marek • Oct. 23, 2024 -
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Pipe pursues international expansion
The digital cash advance provider to small businesses deepened its ties to the British firm GoCardless this week as part of its quest to expand outside the U.S. market.
By Lynne Marek • Oct. 23, 2024 -
Win McNamee via Getty Images
CFPB issues final rule on open banking
In a change from last year’s proposal, payment apps are included under the rule. Financial institutions with less than $850 million in assets are exempt.
By Dan Ennis • Oct. 22, 2024
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